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부동산

Check Your Understanding-Answers

  1. When is an agency relationship created? 

    An agency relationship is created when a person (the principal) delegates to another person (an agent) the right to act on his or her behalf in business transactions with third parties.
     
  2. What exception exists to the duty of obedience when working with a client? 

    An agent is not bound by the duty of if the principal's directions are not legal.
     
  3. An agent's fiduciary responsibilities to a client usually end when the transaction closes. This is not true of which duty? 

    Confidentiality. This duty extends beyond the termination of the relationship. No personal information gained during the term of the agreement can ever be disclosed to another party except the broker. 
     
  4. Amanda calls broker Tim to schedule a showing of one of his listings. Amanda loves the home and wants to make an offer. What should Tim do next? 

    Tim must disclose to Amanda his agency relationship with the seller and get her written permission for a dual agency arrangement. He must also inform the seller of his agency relationship with Amanda and get the seller's written permission for the dual agency arrangement. If both parties agree to dual agency, they can proceed. If not, Amanda will have to find other representation. 
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171 Chapter 7 Conclusion 2019.04.14 124
170 Real Estate Practice - 16 (Understanding-Answers) 2019.04.14 70
169 Real Estate Practice - 15 (Understanding-Answers) 2019.04.14 57
168 Chapter 6 Quiz 2019.04.13 547
167 Chapter 6 Conclusion 2019.04.13 63
166 Real Estate Practice - 14 (Understanding-Answers) 2019.04.13 50
165 Real Estate Practice - 13 (Understanding-Answers) 2019.04.13 68
164 Chapter 5 Quiz 2019.04.13 504
163 Chapter 5 Conclusion 2019.04.13 50
162 Real Estate Practice - 12 (Understanding-Answers) 2019.04.13 51
161 Real Estate Practice - 11 (Understanding-Answers) 2019.04.13 49
160 Chapter 4 Quiz 2019.04.13 127
159 Real Estate Practice - 10 (Understanding-Answers) 2019.04.13 51
158 Using the Internet 2019.04.13 47
157 Real Estate Practice - 9 (Understanding-Answers) 2019.04.13 57
156 Chapter 3 Quiz 2019.04.13 334
155 Real Estate Practice - 8 (Understanding-Answers) 2019.04.13 62
154 Real Estate Practice - 7 (Understanding-Answers) 2019.04.12 71
» Real Estate Practice -6 (Understanding-Answers) 2019.04.12 68
152 Chapter 2 Quiz 2019.04.12 219
151 Real Estate Practice -5 (Understanding-Answers) 2019.04.12 51
150 Real Estate Practice -4 (Understanding-Answers) 2019.04.12 145
149 Chapter 1 Quiz 2019.04.11 186
148 Chapter 1: Introduction to Real Estate Summary 2019.04.11 93
147 Real Estate Practice -3 (Understanding-Answers) 2019.04.11 108
146 Real Estate Practice -2 (Understanding-Answers) 2019.04.11 127
145 Real Estate Practice -1 (Understanding-Answers) 2019.04.11 120
144 California: Real Estate Principles 2019.04.05 439
143 Which are the four elements required for a valid contract? 2019.04.03 447
142 Four unities 2019.04.03 149